Earnings/Financial Reports
TAICHUNG CITY, Taiwan (BRAIN) — Giant Group is noting that new product launches helped increase its gross margin rate in the first quarter, when the manufacturer recorded a net loss after tax of NT$200 million ($6.37 million).
TAIPEI (BRAIN) — Taiwanese bike makers Merida Industry and Ideal Bike are each reporting sales declines in April, following on declines reported for the first three months of the year.
DULUTH, Ga. (BRAIN) — Sales in Fox Factory’s Speciality Sports Group, which includes is bicycle-product business, were down 8.7% in the first quarter from the same period in 2025.
SEATTLE (BRAIN) — REI Co-op announced Monday that net sales for 2025 increased slightly year-over-year, the same day the union representing 11 stores said its workers voted to boycott the chain's biggest sale of the year that begins May 15 after contract negotiations ended last week.
STOCKHOLM (BRAIN) — Thule Group's first-quarter net sales decreased 3.4% with the North America region dropping 13.8%.
OLATHE, Kan. (BRAIN) — Led by growth in its Fitness segment, which includes cycling products, Garmin Ltd. revenue increased 14% year-over-year in a record first quarter.
TAIPEI, Taiwan (BRAIN) — Taiwan’s three publicly traded bicycle makers — Giant, Merida, and Ideal — each showed sales revenue declines in March and for the complete first quarter.
OSAKA, Japan (BRAIN) — Sales in Shimano's bike division were down 0.7% in in the first quarter, but operating earnings in the business unit plummeted 46% in the quarter.
EL PASO, Texas (BRAIN) — Helen of Troy — the parent of Osprey and Hydro Flask — recorded a fourth-quarter net sales decrease of 3.3% year-over-year while its Home & Outdoor category (which contains Osprey and Hydro Flask) slipped 1.4%.
STOCKHOLM (BRAIN) — MIPS reported first-quarter net sales increased 30% year-over-year with its Sports sub-category that includes bike helmets rising 24%.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation reported year-over-year double-digit revenue growth for the fifth consecutive quarter and ended 2025 with double-digit growth in all of its major product categories.
AMSTERDAM (BRAIN) — Pon Holdings is reporting 2025 revenues of 9.7 billion euros ($11.20 billion) across all its businesses, including automotive and bicycle, with its bicycle business revenue totaling "around 2 billion euros."
KOBLENZ, Germany (BRAIN) — Canyon Bicycle's 2025 sales decreased 7% year-over-year amid what it called a challenging market hurt by the oversupply and discounting of electric and non-electric mountain and urban bikes.
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